The Finance Department’s fiscal monitor says the deficit now reflects current economic challenges caused by Covid-19 The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier. The Finance Department’s fiscal monitor says …
$69B Federal deficit over first half of fiscal year Read More »
Nov 9 (Reuters) – General Electric Co (GE.N) will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Tuesday. The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and …
The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2022 will be $64,900, up from $61,600 in 2021. Contributors who earn more than $64,900 in 2022 are not permitted to make additional contributions to the CPP. The basic exemption amount for 2022 remains at $3,500, according to …
After months of talks with Democratic lawmakers, President Joe Biden outlined Thursday a US$1.75-trillion framework to support families and education as well as protect against global warming. (All figures are in U.S. dollars.) The updated plan includes universal preschool, funding to limit child care costs and a one-year continuation of a child tax credit that …
What’s in and what’s out, as Biden offers scaled-back plan Read More »
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